SB Financial Group (SBFG)
Operates State Bank, mortgage, wealth, and title services across Ohio and Indiana.
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Owns State Bank and Peak Title, pairing community deposits and lending with mortgage banking, wealth and trust services, and title insurance. Revenue is anchored by spread banking, with fee income tied to residential loans, wealth management, customer services, and title work.
Operates through one Banking segment built around State Bank, an Ohio-chartered community bank, plus Peak Title and related financial-service affiliates. Core lines include deposits, commercial and agricultural lending, consumer and residential mortgages, trust and wealth services, private-client banking, treasury/deposit services, and title insurance.
Serves a concentrated Midwest footprint through banking centers and loan-production offices in Ohio and Indiana, with customer relationships extending into nearby Michigan. The model favors relationship banking rather than national scale, using branch access and fee-based services to broaden each household or business account.
Depends on regulated bank funding, local deposit competition, loan demand, mortgage-sale conditions, wealth-service activity, and real-estate closing volumes. One Banking segment keeps reporting simple, but it also means the public segment view does not separate each product line.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $317.2M · Total debt $59.3M · Total assets $1.62B · Shareholders' equity $146.7M
- Revenue
- $24.8M
- Operating income
- $5.5M
- Net income
- $4.5M
Raised for 12 straight years — most recently to $0.16 from $0.155 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 28 | $0.16 | |
| May 15, 2026 | May 15 | May 29 | $0.16 | raised from $0.155 |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.155 | |
| Nov 14, 2025 | Nov 14 | Nov 28 | $0.155 | raised from $0.15 |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.15 | |
| May 16, 2025 | May 16 | May 30 | $0.15 | raised from $0.145 |
| Feb 14, 2025 | Feb 14 | Feb 28 | $0.145 | |
| Nov 8, 2024 | Nov 8 | Nov 22 | $0.145 | raised from $0.14 |
| Institutions77 holders · as of Mar 31, 2026 | 54.44% | 3.40M shares | |
| Insiders15 holders · as of Jun 15, 2026 | 5.44% | 340.2K shares | |
| Otherremainder | 40.12% | 2.51M shares |
6.25M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Manufacturers Life Insurance Company, theInstitution | 7.52% | 470,502 | 13Fas of Mar 31, 2026 |
BlackRock, Inc.Institution | 6.31% | 394,864 | 13Fas of Mar 31, 2026 |
Cutler Capital Management, LLCInstitution | 6.24% | 390,137 | 13Fas of Mar 31, 2026 |
Vanguard Capital Management LLCInstitution | 4.76% | 297,734 | 13Fas of Mar 31, 2026 |
Strategic Value Bank Partners LLCInstitution | 4.38% | 274,163 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Richard L. Hardgrove | director | −650 | $23.00 |
| Mar 4, 2026 | Sue Ann Strausbaugh | director | +48 | $20.68 |
| Feb 4, 2026 | Richard L. Hardgrove | director | −977 | $22.15 |
- Farmers & Merchants Bancorp
Closest public community-bank peer in the OH-IN-MI corridor
- Civista Bancshares
Ohio-and-Indiana community bank with mortgage and wealth overlap
- Farmers National Banc
Ohio community bank peer with trust, brokerage, and mortgage exposure
- Peoples Bancorp
Ohio-based diversified community bank with wealth and insurance overlap
- First Merchants
Larger Midwest regional competing in IN, OH, MI banking and wealth
- CF Bankshares
Commercial-bank peer in Ohio metros and Indianapolis mortgage markets
- First Financial Bancorp
Scale regional in Ohio and Indiana with mortgage, wealth, and finance lines
- Mercantile Bank
Michigan bank peer with community banking and mortgage activity
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SB Financial Group | $28.47 | +2.45% | $176.9M | 10.5 | — | 1.9 | +4.8% |
| Farmers & Merchants Bancorp | $34.59 | +2.07% | $475.8M | 11.9 | 10.7 | 2.4 | +17.2% |
| Civista Bancshares | $27.68 | +0.88% | $569.7M | 10.2 | 9.8 | 2.5 | +15.0% |
| Farmers National Banc | $15.70 | −0.25% | $699.5M | 10.9 | 9.3 | 2.4 | +49.8% |
| Peoples Bancorp | $39.26 | −0.56% | $1.42B | 11.9 | 10.6 | 2.4 | +9.4% |
| First Merchants | $41.70 | +1.93% | $2.62B | 13.3 | 9.9 | 2.4 | +23.2% |
| CF Bankshares | $35.25 | +0.57% | $225.6M | 12.0 | 8.9 | 1.8 | +7.5% |
| First Financial Bancorp | $32.68 | +2.05% | $3.43B | 11.5 | 10.2 | 2.6 | +16.7% |
| Mercantile Bank | $61.21 | +0.25% | $1.05B | 10.7 | 11.1 | 2.7 | +12.8% |
| Median | 11.7 | 10.0 | 2.4 | +15.8% |